Have you had a family member that had to be placed in a nursing home? If not, you probably know someone who has. Statistics say that 70% of us will need some type of long-term care in our lifetime. That’s a scary statistic — almost 3 of every 4 people! If those statistics are true, […]
Are you a veteran suffering from PTSD as a result of traumatic events that you experienced while in service? It is likely that you are entitled to disability benefits through the VA. These Disability Indemnity Compensation (DIC) benefits require that you meet several criteria relating to your diagnosis and your time served. Here we’ll discuss
In a previous blog we explained the different types of trusts you can use for estate planning. These would include revocable, irrevocable, and testamentary trusts. Today we’re going to be digging deeper into the topic of trusts and talking about a type of trust that is used to ensure proper care for your pets if
So what exactly is a trust? Many people think that a trust is a very complicated document, and it can be depending on the complexity of your situation. There are different types of trusts that you can use. There are trusts that you can change and trusts that you can’t change. The trusts that you
Today we have a really interesting topic that almost everyone has to address at some point when doing their estate planning. We’re talking about the concept of fair versus equal when it comes to dividing your estate among your children or grandchildren. Several years ago I had a family that was struggling to determine how
So what do you think is the greatest threat to the American farmer today? Do you think it’s the environmental concerns? Do you think it’s the taxes? I personally think that the biggest threat to the American farmer is the issue of long-term care and how to pay for it. Medicare vs. Medicaid First, let’s
The majority of farms in this country are family owned and operated. According to the National Agricultural Statistics Service’s Census of Agriculture, family farms account for almost 96% of the 2,204,792 farms in the United States. According to this census, there are three basic types of family farms: (1) Very large with gross sales over
Family Farms: How to Properly Plan for Your Estate and Preserve the American Heritage Read More »
We don’t want to accept the fact that we are getting older. We also don’t want to accept the fact that we may require nursing home assistance or long-term care in the future. Because we avoid thinking about these tough circumstances, we rarely consider how we would pay for it. According to the Genworth Cost
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